New Delhi (India), December 26: On October 9, Robin Linus, a developer from ZeroSync, released the BitVM whitepaper, which attracted huge attention from the community. BitVM introduces a new computing paradigm capable of expressing Turing-complete Bitcoin contracts without requiring modifications to the network’s consensus rules. Decentralized Smart Contracts: Limitations and Goals Bitcoin’s Script, a stack-based language, provides fundamental control structures, such as conditional checks, for defining the validation logic of transactions. It demands valid digital signatures to spend bitcoins through a simple process of conditional validation. That said, the Script was designed to be non-Turing complete. Although it doesn’t support complex flow control features like loops, this design ensures simplicity and security of the language. Such limitations have made it challenging for Script to execute complex computations, including those involving smart contracts.
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